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Latest filing: 2026-08-07 18:52
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₹3.90 Interim Dividend and Q1 FY27 Standalone Net Profit of ₹4,745 Cr
PFC reported a standalone net profit of ₹4,745.40 Cr for Q1 FY27, reflecting steady performance compared to ₹4,501.50 Cr in Q1 FY26. The Board declared an interim dividend of ₹3.90 per share (39% of face value) for FY 2026-27, with a record date of August 27, 2026. Total standalone revenue from operations for the quarter stood at ₹13,993.13 Cr. Additionally, the company provided a significant update on its proposed merger with REC Limited, maintaining a share exchange ratio of 88 PFC shares for every 100 REC shares.
Confidence: HIGH
What changedPFC has declared its first interim dividend for FY27 and reported Q1 financial results while formalizing the merger swap ratio with REC Ltd.
Why it mattersAs a nodal agency for government power schemes, PFC's stable earnings and high dividend payout (approx 0.93% yield on this single payout) are key for income-seeking investors; the REC merger will consolidate its market leadership.
Interim Dividend: ₹3.90 per shareQ1 Standalone PAT: ₹4,745.40 CrConsolidated Loan Book: ₹11,60,133.48 CrMerger Swap Ratio: 88:100 (PFC:REC)Stage 3 Asset Coverage: 79.87%Dividend vs Current Price: ~0.93%
📅 Short termThe stock is likely to see positive sentiment due to the dividend declaration and steady earnings, with the record date of August 27 acting as a near-term catalyst.
📈 Long termThe merger with REC Limited by 2027 and the expansion into non-power infrastructure (logistics, smart cities) provide a structural growth runway beyond traditional power lending.
⚠ Risk flags
- High borrower concentration (top 20 customers account for 54% of loans)
- Dependency on the financial health of State Power Utilities
Key Highlights
Standalone Net Profit for Q1 FY27 reached ₹4,745.40 Cr, up from ₹4,501.50 Cr YoY.
Interim Dividend of ₹3.90 per share declared with a payment deadline of September 6, 2026.
Consolidated Loan Outstanding reached ₹11,60,133.48 Cr as of June 30, 2026.
Maintained a high Provision Coverage Ratio (PCR) of 79.87% for Stage 3 (NPA) assets.
Merger swap ratio confirmed at 88 equity shares of PFC for every 100 shares of REC Limited.
👀 What to Watch
Investors should track the regulatory approval timeline for the REC merger, which has an appointed date of April 1, 2027. Monitor the growth of the non-power infrastructure book, which currently represents only 2% of the total loan portfolio.
PFC Q1 PAT Up 5.4% to ₹4,745 Cr; ₹3.90 Interim Dividend and REC Merger Ratio Announced
PFC reported a steady Q1 FY27 with standalone Net Profit rising 5.4% YoY to ₹4,745.40 Cr. The board declared an interim dividend of ₹3.90 per share, with the record date set for August 27, 2026. Crucially, the company provided a definitive update on the PFC-REC merger, fixing the swap ratio at 88 PFC shares for every 100 REC shares. The consolidated loan book remains robust at ₹11.60 lakh crore with a high Stage 3 provision coverage of 79.87%.
Confidence: HIGH
What changedPFC has reported its first-quarter results for FY27, declared its first interim dividend for the year, and formalized the valuation/swap ratio for its mega-merger with subsidiary REC Ltd.
Why it mattersThe merger ratio provides long-awaited clarity for shareholders of both PFC and REC; the combined entity will be a dominant force in India's power and infrastructure financing with a loan book exceeding ₹11 lakh crore.
Standalone PAT (Q1 FY27): ₹4,745.40 CrInterim Dividend per share: ₹3.90Consolidated Loan Book: ₹11,60,133.48 CrMerger Swap Ratio (PFC:REC): 88:100Stage 3 Coverage Ratio: 79.87%Q1 PAT vs TTM PAT: 14.21%
📅 Short termThe stock is likely to see positive interest due to the dividend declaration and the removal of uncertainty regarding the merger swap ratio.
📈 Long termThe merger with REC (targeted for 2027) will consolidate the balance sheet and potentially optimize borrowing costs, though borrower concentration remains a structural risk.
⚠ Risk flags
- High borrower concentration (top 20 customers = 54% of loans)
- Dependency on financial health of State Power Utilities
- Regulatory approvals required for merger completion
Key Highlights
Standalone Profit After Tax (PAT) increased to ₹4,745.40 Cr in Q1 FY27 from ₹4,501.50 Cr in Q1 FY26.
Interim dividend of ₹3.90 per share declared, representing 39% of the ₹10 face value.
Consolidated loan outstanding reached ₹11,60,133.48 Cr as of June 30, 2026.
Merger share exchange ratio finalized at 88 equity shares of PFC for every 100 shares of REC Limited.
Stage 3 (NPA) provision coverage ratio maintained at a strong 79.87%.
👀 What to Watch
Investors should track the regulatory approval timeline for the PFC-REC merger, specifically looking for the 'Appointed Date' of April 1, 2027, and monitor asset quality in the state power utility segment.
PFC Board Approves Raising Borrowing Limit to ₹9 Lakh Cr and USD 25 Billion
The Board of Power Finance Corporation (PFC) has approved a significant enhancement of its borrowing limits to support future growth. The proposed domestic borrowing limit is set at ₹9,00,000 crore, while the foreign currency limit is established at USD 25 billion. This move, pending shareholder approval, provides the necessary capital headroom to expand its loan book, which stood at ₹5,49,786 crore as of June 2025. The new domestic limit represents approximately 8.7x the company's current net worth of ₹1,02,532 crore.
Confidence: HIGH
What changedPFC is seeking to significantly raise its legal ceiling for debt accumulation to fund its lending operations.
Why it mattersAs a term-lending institution, PFC's ability to grow its revenue is directly tied to its borrowing capacity; this expansion provides the 'raw material' for its targeted 13% growth rate.
New Domestic Borrowing Limit: ₹9,00,000 croreNew Foreign Borrowing Limit: USD 25 billionLimit vs Net Worth: ~8.7xCurrent Loan Book (June 2025): ₹5,49,786 croreNet Worth: ₹1,02,532 crore
📅 Short termThe announcement signals growth intent and is likely to be viewed positively by the market as it removes potential regulatory bottlenecks for future fundraising.
📈 Long termStructurally important as it enables PFC to scale its infrastructure and green energy portfolio, which currently accounts for only 2% of the loan book.
⚠ Risk flags
- Increased leverage
- Currency risk on USD 25 billion foreign debt
- Asset quality risks in new non-power infrastructure segments
Key Highlights
Proposed domestic borrowing limit increased to a maximum of ₹9,00,000 crore.
Proposed foreign currency borrowing limit set at USD 25 billion.
Approval sought under Section 180(1)(c) for borrowings exceeding paid-up capital and free reserves.
Board also approved mortgaging/charging of movable and immovable properties to secure these borrowings.
The decision follows the company's strategy to diversify into non-power infrastructure and green energy.
👀 What to Watch
Investors should watch for the upcoming shareholder approval and the company's subsequent debt issuance calendar to gauge the pace of loan book expansion.
$300 Million Fundraise via Floating Rate Notes due 2029
Power Finance Corporation (PFC) has priced a U.S.$300 million (approx. ₹2,500 cr) issuance of Floating Rate Notes under its existing $8 billion Global Medium Term Note Programme. The notes carry a 3-year maturity and are priced at Overnight SOFR plus 110 basis points, with interest payable quarterly. This fundraise is relatively small compared to PFC's net worth of ₹1,02,532 cr (~2.4%) and will be utilized according to RBI's External Commercial Borrowing (ECB) guidelines. The notes will be listed on NSE IFSC and India INX.
Confidence: HIGH
What changedPFC has successfully tapped the international debt market to raise $300 million in 3-year floating-rate notes.
Why it mattersThis demonstrates PFC's continued access to global liquidity at competitive spreads (110 bps over SOFR), helping diversify its liability profile beyond domestic markets.
Issue Amount: U.S.$300,000,000Coupon Rate: O/N SOFR + 110 bpsMaturity: 3 yearsFundraise vs Net Worth: ~2.4%Global Programme Limit: U.S.$8,000,000,000
📅 Short termThe announcement is a routine financing activity for a large NBFC and is unlikely to cause significant short-term price movement.
📈 Long termConsistent access to international capital markets supports PFC's long-term goal of expanding its loan book, which stood at ₹5,49,786 cr as of June 2025.
⚠ Risk flags
- Interest rate risk due to floating rate structure
- Currency fluctuation risk (USD denominated debt)
- Regulatory compliance with RBI ECB guidelines
Key Highlights
Issuance of U.S.$300,000,000 Floating Rate Notes due in July 2029.
Coupon rate set at Overnight SOFR + 110 bps per annum, payable quarterly.
Notes issued under a larger U.S.$8,000,000,000 Global Medium Term Note Programme.
Settlement date for the transaction is expected to be July 16, 2026.
Proceeds to be used for lending activities as per RBI ECB guidelines.
👀 What to Watch
Investors should monitor the company's Net Interest Margins (NIM) in future quarters to see how the cost of international floating-rate debt compares to domestic borrowing costs.
PFC Board Approves Merger with REC; Sets Share Exchange Ratio at 88:100
The Board of Power Finance Corporation (PFC) has approved a scheme of merger by absorption of its subsidiary, REC Limited, into itself. Shareholders of REC will receive 88 fully paid-up equity shares of PFC (Rs 10 each) for every 100 equity shares of REC (Rs 10 each) held as of the record date. This consolidation will result in the dissolution of REC without winding up, creating a unified lending behemoth for the power and infrastructure sectors. The merger is subject to regulatory approvals from the RBI, CCI, and shareholders.
Confidence: HIGH
What changedPFC is moving from being the parent company of REC to absorbing it entirely, merging two of India's largest NBFCs into a single legal entity.
Why it mattersThis merger eliminates duplicate administrative costs and creates a massive balance sheet, strengthening PFC's position as the primary nodal agency for government power schemes and its expansion into non-power infrastructure.
Share Exchange Ratio: 88:100PFC TTM Revenue: ₹ 1,15,789 crPFC Net Worth: ₹ 1,02,532 crPFC Loan Book (June 2025): ₹ 5,49,786 crFace Value: ₹ 10 per share
📅 Short termThe stock prices of PFC and REC are likely to align with the 0.88x swap ratio in the coming days as arbitrageurs trade the spread.
📈 Long termStructural positive as it simplifies the group structure and creates a larger capital base for mega-infrastructure projects, though integration of two large PSU cultures is a key task.
⚠ Risk flags
- Regulatory approval delays from RBI/CCI
- Integration of large workforces
- Potential impact on single-borrower exposure limits for the combined entity
Key Highlights
Share exchange ratio fixed at 88 PFC shares for every 100 REC shares.
Both companies' shares have a face value of Rs 10 each.
PFC reported a TTM PAT of Rs 33,385 Cr and TTM Revenue of Rs 1,15,789 Cr prior to the merger.
The merger follows PFC's 2019 acquisition of the GoI stake in REC.
Consolidated entity will manage a loan book exceeding Rs 5,49,786 Cr (PFC's standalone book as of June 2025).
👀 What to Watch
Monitor the timeline for regulatory approvals from RBI and CCI, and watch for the announcement of the Record Date for the share swap. Investors should evaluate the combined entity's capital adequacy and potential for lower cost of funds.
PFC Sets July 31, 2026 as Record Date for Final Dividend of ₹3.95 Per Share
Power Finance Corporation (PFC) has announced July 31, 2026, as the record date for its final dividend of ₹3.95 per equity share for the financial year 2025-26. The dividend is subject to shareholder approval at the upcoming Annual General Meeting. Once approved, the dividend will be paid within 30 days of the meeting date. Shareholders are required to submit tax-related documents like Form 15G/15H by the record date to manage TDS requirements.
Key Highlights
Final dividend of ₹3.95 per equity share on a face value of ₹10 recommended for FY 2025-26.
Record date for determining shareholder eligibility is fixed as Friday, July 31, 2026.
Dividend payment will be processed within 30 days from the date of approval at the AGM.
Submission of PAN and tax-related forms (15G/15H) for lower TDS must be completed by July 31, 2026.
👀 What to Watch
Investors seeking to qualify for the dividend should ensure they hold the stock before the ex-dividend date. Long-term investors should also ensure their tax documentation is updated on the registrar's portal by the record date.
PFC raises $300 million via 5.32% Notes due 2031 under $8 billion GMTN Programme
Power Finance Corporation (PFC) has successfully priced an issuance of USD 300 million notes at a coupon rate of 5.32% per annum. These notes are part of its larger USD 8 billion Global Medium Term Note Programme and are scheduled to mature on June 30, 2031. The proceeds from this issuance will be utilized in accordance with the Reserve Bank of India's External Commercial Borrowing (ECB) guidelines. The notes will be listed on international exchanges, specifically NSE IFSC and India INX.
Key Highlights
Issuance of USD 300 million notes with a fixed coupon of 5.32% per annum payable semi-annually.
The notes are issued under an existing USD 8 billion Global Medium Term Note Programme.
Maturity is set for June 30, 2031, representing a 5-year tenor from the expected settlement date of June 30, 2026.
Funds will be used for business purposes following RBI's ECB guidelines for external borrowings.
Notes are direct, unsecured obligations ranking pari-passu with other unsecured debt.
👀 What to Watch
Investors should monitor PFC's ability to maintain its margins as it diversifies its borrowing profile through international markets. This fundraise is a positive indicator of the company's access to global liquidity at competitive rates.
PFC Receives Presidential Approval for Merger of REC Limited into PFC
Power Finance Corporation (PFC) has received formal approval from the Hon'ble President of India for the proposed merger of REC Limited into PFC. This follows the Board's decision on May 16, 2026, to seek such approval via the Ministry of Power. The Ministry of Power conveyed the Presidential consent on June 10, 2026, marking a critical regulatory milestone in the consolidation of these two major power-sector NBFCs. This merger is expected to create a massive, unified lending entity for the Indian power and infrastructure sectors.
Key Highlights
Ministry of Power conveyed Presidential approval for the merger on June 10, 2026.
The merger involves the absorption of REC Limited into Power Finance Corporation (PFC).
The proposal was previously approved and reserved for Presidential consent by the PFC Board on May 16, 2026.
Consolidation is expected to streamline power sector financing and improve capital efficiency for the combined entity.
👀 What to Watch
Investors should stay tuned for the announcement of the share swap ratio and the final timeline for the merger, which will significantly impact the valuations of both PFC and REC.
Shri V. Packirisamy Appointed as Director (Commercial) of Power Finance Corporation
Power Finance Corporation (PFC) has announced the appointment of Shri V. Packirisamy as Director (Commercial) effective June 2, 2026. Packirisamy is a veteran within the organization, having been associated with PFC since January 1997 and possessing over 33 years of total professional experience. His background includes an M.Tech from IIT Delhi and extensive expertise in credit appraisal, power sector reforms, and financial analysis. The appointment was made following a directive from the Ministry of Power, Government of India.
Key Highlights
Shri V. Packirisamy assumed the charge of Director (Commercial) on June 2, 2026.
He brings over 33 years of experience, including nearly 30 years of service within PFC since 1997.
Educational qualifications include a Bachelor's in Mechanical Engineering and an M.Tech in Management Systems from IIT Delhi.
His expertise covers critical areas such as credit appraisal, rating of power utilities, and financial restructuring.
The appointment is valid until his date of superannuation or until further orders from the Ministry of Power.
👀 What to Watch
Investors should monitor the transition as a routine leadership update; the appointment of an internal veteran suggests continuity in PFC's commercial and credit appraisal strategies.
PFC Reports Record FY26 Net Profit of INR 20,051 Crore; Announces PFC-REC Merger Timeline
PFC achieved its highest-ever standalone net profit of INR 20,051 crore in FY26, a 16% YoY increase, driven by healthy interest income and INR 1,800 crore in provision reversals. The company has initiated a formal merger with REC, targeting completion by April 1, 2027, to create a unified power financing entity with a consolidated loan book of INR 11.64 lakh crore. Asset quality reached a new high with net NPAs at 0.15%, while the board proposed a total dividend of INR 18.55 per share for the fiscal year. Management expects spreads to remain stable between 2.40% and 2.50% in FY27 as prepayment pressures moderate.
Key Highlights
Standalone PAT rose 16% YoY to INR 20,051 crore; Consolidated PAT reached INR 33,625 crore.
Net NPA ratio improved to 0.15% following resolutions of Sinnar Thermal and TRN Energy projects.
Total dividend for FY26 stands at INR 18.55 per share, including a final dividend of INR 3.95.
PFC and REC merger process underway with a target completion date of April 1, 2027.
Capital Adequacy Ratio (CRAR) remains robust at 23.44% with a net worth exceeding INR 1 lakh crore.
👀 What to Watch
Investors should look favorably on the PFC-REC merger which promises better capital efficiency and a single-window financing advantage. The stock continues to be a strong dividend and value play given the record-low NPAs and dominant position in renewable energy financing.
PFC Board Approves Proposal to Merge REC Limited into PFC; Seeks Presidential Approval
The Board of Power Finance Corporation (PFC) has approved a proposal to merge REC Limited into PFC, marking a significant consolidation in the power financing sector. The merger is subject to the approval of the Hon'ble President of India and will be executed under Sections 230-232 of the Companies Act, 2013. A share exchange ratio will be determined by independent valuers, and the merged entity will maintain its status as a 'Government Company'. Upon completion, REC will be dissolved, and all its assets and liabilities will be transferred to PFC.
Key Highlights
Board approved the merger of REC Limited into PFC to create a consolidated power sector lending giant.
CMD authorized to seek formal approval from the Hon'ble President of India for the proposed merger.
Share exchange ratio to be determined by appointed valuers subject to final Board approval.
Merged entity must maintain 'Government Company' status, potentially involving capital infusion by the Central Government.
Trading window for PFC equity and debt securities remains closed until further orders.
👀 What to Watch
Investors should closely monitor the upcoming announcement regarding the share exchange ratio and the timeline for regulatory approvals. While consolidation may improve operational efficiency, the valuation and potential capital infusion terms will be critical for minority shareholders.
PFC Board Meeting Scheduled for May 16, 2026 to Discuss Merger with REC
Power Finance Corporation (PFC) has scheduled a Board of Directors meeting on May 16, 2026, to further consider the merger with REC Limited. This follows previous strategic discussions regarding the consolidation of the two major power sector lenders. In light of this sensitive agenda, the trading window for PFC's equity shares and debt securities, which has been closed since April 1, 2026, will now remain closed until further orders. This meeting is a significant milestone in the potential integration of these two government-backed financial institutions.
Key Highlights
Board meeting to be held on May 16, 2026, specifically to discuss the PFC and REC merger.
Trading window for equity and listed debt securities remains closed until further notice.
The meeting is convened pursuant to Regulation 29 of SEBI LODR and the Company's Articles of Association.
Previous guidance for the trading window to reopen on May 16, 2026, has been retracted in favor of continued closure.
👀 What to Watch
Investors should closely monitor the outcome of the May 16 board meeting for details on the merger swap ratio and synergy benefits. It is advisable to maintain current positions while awaiting clarity on the structural impact of the consolidation.
PFC Recommends Final Dividend of ₹3.95; Total FY26 Dividend Reaches ₹18.55 Per Share
Power Finance Corporation (PFC) has recommended a final dividend of ₹3.95 per equity share for the financial year 2025-26. This final payout is in addition to four interim dividends totaling ₹14.60 already paid during the year, bringing the total annual dividend to ₹18.55 per share. The company also approved its audited financial results for the quarter and year ended March 31, 2026, with auditors providing a clean, unmodified opinion. The final dividend is subject to shareholder approval at the upcoming Annual General Meeting.
Key Highlights
Final dividend of ₹3.95 per equity share (39.5% of face value) recommended for FY 2025-26.
Total dividend for the full financial year stands at ₹18.55 per share including interim payouts.
Audited standalone and consolidated financial results for FY26 approved with no audit qualifications.
Dividend payments transitioned exclusively to electronic mode; physical cheques/warrants discontinued.
Final dividend to be paid within 30 days from the date of approval at the ensuing AGM.
👀 What to Watch
Investors should hold the stock to benefit from the final dividend payout and ensure bank details are updated in demat accounts for electronic credit. The total dividend of ₹18.55 represents a healthy yield for long-term income-focused investors.
PFC Recommends ₹3.95 Final Dividend; Total FY26 Payout Reaches ₹18.55 Per Share
Power Finance Corporation (PFC) has approved its audited financial results for the quarter and fiscal year ended March 31, 2026. The Board recommended a final dividend of ₹3.95 per share, which, combined with four interim dividends totaling ₹14.60, brings the total FY26 payout to ₹18.55 per share. The statutory auditors have provided a clean audit report with no modified opinions for both standalone and consolidated results. Notably, the company has shifted to a mandatory electronic-only mode for dividend payments, discontinuing physical cheques.
Key Highlights
Recommended a final dividend of ₹3.95 per equity share (face value ₹10) for FY 2025-26.
Total dividend for the full financial year 2025-26 stands at ₹18.55 per share.
Audited standalone and consolidated financial results for Q4 and FY26 approved with clean audit opinions.
Interim dividends of ₹14.60 per share were already declared and paid in four tranches during the year.
Mandatory transition to electronic dividend payments; physical warrants and cheques are discontinued.
👀 What to Watch
Investors should ensure their bank account details are updated with their Depository Participant or RTA to receive the dividend. The total payout of ₹18.55 per share represents a healthy yield, reinforcing PFC's status as a strong dividend-paying PSU stock.
PFC Incorporates 5 New Subsidiaries for Large-Scale RE Transmission Projects
PFC Consulting Limited (PFCCL), a wholly owned subsidiary of PFC, has incorporated five new Special Purpose Vehicles (SPVs) to facilitate major power transmission projects across India. These projects are strategically designed to evacuate power from Renewable Energy Zones (REZ), including high-capacity systems for Lakadia (7.5 GW) and Jam Khambhaliya (5.5 GW). As the Bid Process Coordinator, PFCCL will manage initial land acquisition and regulatory clearances before transferring these entities to successful bidders. This move solidifies PFC's role in India's green energy infrastructure and ensures a steady pipeline of consultancy-led revenue.
Key Highlights
Incorporation of 5 wholly owned subsidiaries as SPVs for Independent Transmission Projects (ITPs).
Projects include integration of 5500 MW from Jam Khambhaliya REZ and 1000 MW from Jamnagar Phase-I.
Evacuation systems planned for Lakadia Phase-II (7.5 GW) and Ananthpuram-III REZ (3 GW).
SPVs will be transferred to successful bidders selected through the Tariff Based Competitive Bidding (TBCB) process.
PFCCL nominated as the Bid Process Coordinator (BPC) by the Ministry of Power for these projects.
👀 What to Watch
Investors should view this as a positive development reinforcing PFC's dominant position in power sector consultancy and infrastructure financing. The successful execution and transfer of these SPVs will contribute to the company's non-interest income through consultancy fees.
PFC Appoints Rajesh Kumar Agarwal as Director (Finance) and CFO
Power Finance Corporation (PFC) has announced the appointment of Shri Rajesh Kumar Agarwal as Director (Finance) and Chief Financial Officer (CFO). The appointment, effective from April 23, 2026, was formalized by the Board of Directors in their meeting on April 30, 2026. This move follows the official order from the Ministry of Power, Government of India. As a key Maharatna PSU, the CFO role is critical for managing PFC's large-scale lending and borrowing operations in the power sector.
Key Highlights
Shri Rajesh Kumar Agarwal appointed as Director (Finance) and CFO effective April 23, 2026
Board of Directors confirmed the appointment in a meeting held on April 30, 2026
Appointment follows Ministry of Power order F.No.24-8/1/2023-PFC MoP-(part-1) dated April 23, 2026
PFC is a major Maharatna PSU under the Ministry of Power, Government of India
👀 What to Watch
Investors should view this as a routine leadership transition in a PSU. Monitor upcoming quarterly results for any commentary on financial strategy shifts under the new CFO.
Rajesh Kumar Agarwal Appointed as Director (Finance) of PFC for a 5-Year Term
Power Finance Corporation (PFC) has announced the appointment of Shri Rajesh Kumar Agarwal as Director (Finance) effective April 23, 2026. Mr. Agarwal, an internal veteran who has been with PFC since 2009, succeeds to the role for a five-year tenure. He brings over 31 years of experience in the power and financial sectors, having previously served as Executive Director (Finance) at PFC since January 2024. This appointment ensures leadership continuity in the company's financial strategy and operations.
Key Highlights
Shri Rajesh Kumar Agarwal assumes charge as Director (Finance) for a 5-year tenure starting April 23, 2026.
He possesses over 31 years of professional experience in the Power and Financial sectors, including roles at NTPC and NPCIL.
Previously served as Executive Director (Finance) at PFC since January 1, 2024, and has been with the organization since 2009.
Expertise includes Corporate Accounts, Taxation, Fund Management, Banking, and Loan Disbursement.
The appointment was made pursuant to a communication from the Ministry of Power, Government of India.
👀 What to Watch
This is a routine leadership transition involving an internal candidate, which suggests stability in financial management. Investors should monitor if there are any shifts in fund-raising strategies under the new leadership, though no immediate impact on stock performance is expected.
PFC Declares ₹3.25 Interim Dividend; Approves ₹1.60 Lakh Crore Fundraising for FY27
Power Finance Corporation (PFC) has declared its fourth interim dividend of ₹3.25 per share for FY 2025-26, with the record date fixed as March 23, 2026. Simultaneously, the board has approved a massive fundraising plan of up to ₹1,60,000 crore for the financial year 2026-27 to fuel its lending operations. This borrowing will be executed through various instruments including bonds, term loans, and commercial papers in both domestic and international markets. The dividend is expected to be paid to eligible shareholders on or before April 16, 2026.
Key Highlights
Declared fourth interim dividend of ₹3.25 per equity share (32.50% of face value) for FY 2025-26.
Set March 23, 2026, as the record date for dividend eligibility with payment by April 16, 2026.
Approved a total borrowing limit of ₹1,60,000 crore for FY 2026-27.
Domestic long/medium-term borrowing limit set at ₹1,10,000 crore.
Foreign currency borrowing limit approved for approximately USD 2.21 billion (₹20,000 crore).
👀 What to Watch
Income-focused investors should hold the stock before the March 23 record date to qualify for the dividend. The large fundraising mandate indicates strong growth expectations and capital requirements for the upcoming fiscal year.
PFC Approves ₹1.6 Lakh Cr Fundraising for FY27 and Declares ₹3.25 Interim Dividend
Power Finance Corporation (PFC) has approved a massive borrowing plan of ₹1,60,000 crore for the financial year 2026-27 to support its lending operations across domestic and international markets. The board also declared a fourth interim dividend of ₹3.25 per equity share for FY 2025-26, representing 32.50% of the face value. The record date for the dividend is set for March 23, 2026, with payments to be completed by April 16, 2026. This dual announcement highlights PFC's aggressive growth strategy and its consistent commitment to shareholder payouts.
Key Highlights
Approved total borrowing limit of ₹1,60,000 crore for the financial year 2026-27.
Domestic long/medium-term borrowing limit set at ₹1,10,000 crore through bonds and loans.
Foreign currency borrowing limit established at ₹20,000 crore (approx. USD 2.21 Billion).
Declared a fourth interim dividend of ₹3.25 per share for FY 2025-26.
Fixed March 23, 2026, as the record date for dividend eligibility.
👀 What to Watch
Investors should ensure they hold shares by the record date of March 23 to qualify for the ₹3.25 dividend. The substantial borrowing plan indicates a strong pipeline of power sector projects and growth potential for the next fiscal year.
PFC Declares ₹3.25 Interim Dividend; Approves ₹1.60 Lakh Crore Fundraising for FY27
Power Finance Corporation (PFC) has declared its fourth interim dividend of ₹3.25 per share for FY 2025-26, representing 32.50% of the face value. The Board has set March 23, 2026, as the record date for dividend eligibility, with payments to be completed by April 16, 2026. Additionally, the company approved a massive fundraising plan of up to ₹1,60,000 crore for the financial year 2026-27. This borrowing will be conducted through domestic and international markets using bonds, term loans, and commercial papers to support lending operations.
Key Highlights
Fourth interim dividend of ₹3.25 per equity share declared for FY 2025-26
Record date for dividend eligibility fixed as March 23, 2026
Total borrowing limit of ₹1,60,000 crore approved for FY 2026-27
Domestic long-term borrowing cap set at ₹1,10,000 crore
Foreign currency borrowing limit set at approximately $2.21 billion (₹20,000 crore)
👀 What to Watch
Investors seeking regular income should ensure they hold shares by the March 23 record date to receive the ₹3.25 dividend. The large fundraising mandate indicates strong growth expectations for PFC's loan book in the upcoming fiscal year.
